web analytics
August 31, 2014 / 5 Elul, 5774
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Invest or Gamble? Egypt Sells Islamic Bonds

The Muslim Brotherhood regime in Egypt, headed by President Mohammed Morsi, is set to issue “Islamic bonds,” not to be confused with the highly successful Israeli bonds that helped the Jewish state get off it feet after its re-establishment in 1948.

Unlike Israel, modern Egypt has been around for a long time, but the Arab Spring rebellion that ousted Egyptian President Hosni Mubarak has driven the country into bear-bankruptcy, despair and social rivalries that have pitted Muslim sects against each other as well as Christian Copts.

Morsi wants to sell bonds to ease the ballooning deficit. The bonds also represent another move to make Egypt an Islamic country.

Liberal Egyptians and the radical Muslim Salafist opposition party are against the sale of Islamic bonds. The liberals are against an Islamic state, while the Salafists are concerned that foreign investors will take over Egypt’s private assets. The law allowing the sale of Islamic bonds prohibits their sale for state-owned assets.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

3 Responses to “Invest or Gamble? Egypt Sells Islamic Bonds”

  1. Who will buy used toilet paper?

  2. David Baden says:

    Yeah, great- I can't wait!

  3. Tim Upham says:

    Egypt is selling Islamic bonds, but their government bonds have been reduced to junk status. So what is the collateral to these Islamic bonds? Are they of economic value, or just symbolic pieces of paper? How will these Islamic bonds upgrade the economy of Egypt?

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
US Marines walk a city street in Fallujah, heavily damaged by the fighting. (2004)
Netanyahu Says Making Gaza ‘Israel’s Fallujah’ Was Too High a Price
Latest News Stories
US Marines walk a city street in Fallujah, heavily damaged by the fighting. (2004)

Israel is better off with a weak Hamas rather than a dead Hamas, for the time being, says Netanyahu.

Two mortars landed close to the Israel-Syrian border/cease-fire lines in the Eastern Golan Heights

Growing anti-Semitism is Israel;s fault according to a chaplain at Yale.

If Israel would just not exists, and if Jews would stop being Jewish, there would be no anti-Semitism in the world.

Jewish comedienne Joan Rivers .

Doctors are hopeful but worried. Her daughter Melissa is an “emotional wreck.”

We wish him a speedy recovery and a lifetime of laryngitis.

The FIlipino UN troops were successfully extracted by Irish UN troops from the Syrian rebel siege.

Joan Rivers, 81, is in an induced coma following throat surgery on Thursday. Rivers suffered a heart attack during surgery.

With new neighbors along our Syrian border, we thought we’d check out what they’re saying and what’s going on…

We wish a speedy recovery to Joan Rivers, the straight-shooting Jewish comedienne whose exact analysis of the war was, “Hamas started it.”

An IDF soldier who was critically injured last week by a rocket that hit Ashdod died from his wounds today. He is Israel’s 71st casualty in the war. Sergeant Natanel Maman, 21, from Gan Yavne, an Ordnance Corps soldier, was critically injured by a rocket that hit Ashdod last Friday. He was promoted posthumously from […]

More than 200,000 Muslims live in Michigan. Fifty of them showed up for a protest against ISIS.

Sofer, who may have died from dehydration after falling in a ravine while hiking, is being buried in Beit Shemesh.

The Boycott Israel movement, so far, is more bark than bite.

The bad news is that ISIS and Al Qaeda are on the Syrian Golan. The good news is that every terrorist in Syria is killing each other.

Netanyahu gets support from Congressmen on House Armed Services Committee

Some Chareidi entertainers thrilled the crowd on Jerusalem’s Ben Yehuda Street with some Jewish entertainment.    

More Articles from Jewish Press News Briefs

Two mortars landed close to the Israel-Syrian border/cease-fire lines in the Eastern Golan Heights

UN Troops look at smoke rising from Quneitra on the Syrian side of the Golan Heights. Aug. 27, 2014

The FIlipino UN troops were successfully extracted by Irish UN troops from the Syrian rebel siege.

Joan Rivers, 81, is in an induced coma following throat surgery on Thursday. Rivers suffered a heart attack during surgery.

An IDF soldier who was critically injured last week by a rocket that hit Ashdod died from his wounds today. He is Israel’s 71st casualty in the war. Sergeant Natanel Maman, 21, from Gan Yavne, an Ordnance Corps soldier, was critically injured by a rocket that hit Ashdod last Friday. He was promoted posthumously from […]

Many of the Syrian soldiers were not armed when ISIS captured and then slaughtered them.

UN troops fled their posts along the Syrian-Israel border after they decided it was too dangerous for them to do their job.

No longer the Prime Minister of Turkey, Recep Tayyip Erdogan was sworn in as President of Turkey today. As a result, Erdogan will continue driving Turkey down his Islamic path for another 5 years, as Erdogan consolidates the power under the presidency. His foreign minister and ally, Ahmet Davutoğlu, will be taking over as Prime […]

IDF soldiers fired warning shots at a group of Gazans who approached the border fence near Nachal Oz. The group distanced itself from the fence, and there are no reports of injuries.

Printed from: http://www.jewishpress.com/news/breaking-news/invest-or-gamble-egypt-sells-islamic-bonds/2013/05/09/

Scan this QR code to visit this page online: